$33 Million Stunning Estate Designed by Jaman Properties
A Pacific Palisades estate built on property once owned by the late presidential couple Ronald and Nancy Reagan is on the market listing at $33 million.
The newly built home was developed by the owner-investors, Janus Cercone and Michael Manheim of Jaman Properties. The two told the WSJ that elements of the Reagan’s original home have been incorporated into the new 12,000-square-foot Spanish Revival-style main building, including the door to the shower Reagan was using when he won the presidency as well as the salvaged bar from the Reagan’s living room. In honor of the property’s presidential history, the developers’ added a garden off the library filled with rose bushes named after presidents and first ladies.
The Reagans bought the two-thirds of an acre of land in early 1957. Ronald Reagan was hosting “The General Electric” television show and GE offered to turn the house into a “home of the future” with all-electric kitchen appliances. The Reagans maintained the ranch house as their family residence while Ronald Reagan commuted to Sacramento for his job as state governor. They sold it in 1982.
The new house has such lavish features as a 2,000-square-foot master suite with luggage and shoe closets and a 2,000-square-foot temperature-controlled wine room. Details include a red tile roof, high ceilings and wooden beams. One of the two garages has a glass front and contains a bar with a kegerator.
The stunning estate is built to perfection with sweeping views of the ocean and city skyline.